Summary: “Beyoncé is selling “listening only” tickets > for her Renaissance tour. The seats are behind the > > stage, so you can’t see any of the set or dancing, but > they only cost $157 compared to the ~$900 fans have been paying for regular US tickets.”
haha!
fuuuuuuuck that.
Ah yes, no scalper is going to want to buy up expensive tickets.
The problem with supply/demand trends for such limited availability is that unless you price astronomically high, theres going to be more than enough people willing to throw their money at it, even if they have to sell a kidney to do it. Its more than just basic market forces, its social trends and hysteria from hype.
At a certain point you have to ask “are they doing it to provide a service, or just making as much money as they can, because that’s all they really care about?” Because at a certain level, those two options are no longer compatible.
They will try, but if the prices are already high then they won’t be able to sell them nearly as easily or gain as much profit.
And even if we abolished scalping and it would bring the prices down a bit, it wouldn’t actually solve the issue - like how nVidia noticed last gen that there were enough people that were willing to pay ridiculous amounts for the scalped GPUs, so now they increased the prices themselves to that level. It just made it happen faster than normal as they could gauge the markets easier.